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Gaxos.ai Inc. Raises $3.6 Million in Gross Proceeds from Warrant Exercise Transaction

🤖 Gaxos.ai Inc. Raises $3.6 Million in Gross Proceeds

Published by OOPSONLINE.IN · Source: The Manila Times · 1 min read · · Updated

What actually happened

Roseland, NJ, Aug. 17, 2026 (GLOBE NEWSWIRE) -- Gaxos.ai Inc. (NASDAQ: GXAI), ('Gaxos” or the 'Company”), a company developing artificial intelligence applications across various high-growth sectors, today announced the closing of its previously announced exercise of certain outstanding warrants to purchase up to an aggregate of 3,007,654 shares of common stock originally issued in December 2024 and September 2024, having exercise prices ranging from $2.33 to $3.32 per share, at a reduced exercise price of $1.20 per share. The shares of common stock issuable upon exercise of the existing warra

Key points

  • 17, 2026 (GLOBE NEWSWIRE) -- Gaxos.
  • (NASDAQ: GXAI), ('Gaxos” or the 'Company”), a company developing artificial intelligence applications across various high-growth sectors, today announced the closing of its previously announced exercise of certain outstanding warrants to purchase up to an aggregate of 3,007,654 shares of common stock originally issued in December 2024 and September 2024, having exercise prices ranging from $2.
  • 32 per share, at a reduced exercise price of $1.
  • The shares of common stock issuable upon exercise of the existing warra

Summary based on data provided by The Manila Times. Full article available at the original publisher.

  • #ai
  • #gaxos
  • #raises
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